Standpoint Research reaffirmed their hold rating on shares of Xerox (NYSE:XRX) in a research note released on Wednesday morning, MarketBeat reports.
Other research analysts also recently issued research reports about the stock. UBS Group reduced their price target on shares of Xerox from $36.00 to $34.50 and set a neutral rating for the company in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Xerox from a hold rating to a sell rating in a research report on Thursday, October 5th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Xerox currently has a consensus rating of Buy and a consensus target price of $35.21.
Xerox (NYSE XRX) opened at $31.63 on Wednesday. Xerox has a 1 year low of $26.64 and a 1 year high of $37.42. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.33 and a current ratio of 1.91. The firm has a market cap of $8,050.00, a PE ratio of 48.66 and a beta of 1.13.
In related news, EVP Herve Tessler sold 6,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $28.59, for a total transaction of $171,540.00. Following the completion of the sale, the executive vice president now owns 35,878 shares of the company’s stock, valued at approximately $1,025,752.02. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Carl C. Icahn sold 1,161,404 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $34.49, for a total transaction of $40,056,823.96. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Partners LLC purchased a new stake in Xerox during the 4th quarter valued at about $204,000. Conning Inc. purchased a new stake in Xerox during the 4th quarter valued at about $215,000. Contravisory Investment Management Inc. grew its stake in Xerox by 10,970.1% during the 4th quarter. Contravisory Investment Management Inc. now owns 7,417 shares of the information technology services provider’s stock valued at $216,000 after acquiring an additional 7,350 shares in the last quarter. Keybank National Association OH purchased a new stake in Xerox during the 3rd quarter valued at about $233,000. Finally, Boothbay Fund Management LLC purchased a new stake in Xerox during the 3rd quarter valued at about $298,000. 83.26% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: “Xerox (XRX) Earns Hold Rating from Standpoint Research” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.com-unik.info/2018/02/03/xerox-xrx-earns-hold-rating-from-standpoint-research.html.
Xerox Corporation is a provider of digital print technology and related solutions. The Company has capabilities in imaging and printing, data analytics, and the development of secure and automated solutions to help customers improve productivity. The Company’s primary offerings span three main areas: Managed Document Services, Workplace Solutions and Graphic Communications.
Receive News & Ratings for Xerox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xerox and related companies with MarketBeat.com's FREE daily email newsletter.